Member Info for HenrySinclair

Gooner

I’m not too sure except to say I’d bet mr 6% “guessed it” before it was stated to us…

Mr 6% and others use the same crystal ball on future releases of info.. imo

Good morning XEL.. although afternoon here.

Yes acknowledge that. And hope (don’t expect) char do not go down that road.. however there’s still a price and struggle to think char will be holding greater than 20% interest. Many permutations given the broader prospects… time now to see upside from what the BoD have stated but they can’t have their cake and eat it…Given the macro / Geo political situation, there might be something far bigger that has changed chars plans from two years ago.

Hello whimax

Thanks for post. Appreciate all posters here. Never intent to be negative towards prospects of char. Only add that I see a big diff re speculation / anticipation ie drill as opposed to speculation (investment) development process. As said before, I believe char have a foot in both and my comments are based on experiences with both XEL and SSX. They both saw major gains on anticipation. As soon as they shifted to finance/production development, things changed. Understandably but to the dismay of previously excited PI’s. That then becomes a energy in the wrong direction for SP imo. I don’t believe AP is ignorant to this given his experience.

Hello Whinsx

Who is / are dev clever??

It likely you confusing me with someone else.

The only boards I have ever made comment on. MXP. XEL. SSX and CHAR.. never heard of Dev clever..

I’m not talking down char. Much upside here but not because of the misleading stuff Imo. Looking back on those others I note, negative SP response was created just as much by the hype as anything that appeared as negative comment. Far too many false expectations.

Listening to latest Armstrong interview. He mentions the connection between Nordstream. Nigeria. Nuland’s visit to Niger and promise of gas to Europe from Africa.

Hello Newk

Yes 80% would be reasonable on news on farm of first stage production (pilot). And carry for further drilling. My target for no technical reason is similar to Gooners,.. more sentiment based / sig investor.

Development needs could see a unwind

Thanks for posting but I am wary that it’s more spiel from the company and filler for the mag. Even the ref to AP by his surname is dead giveaway of appearing to be removed from the advert… then folk here attach their fantasy valuations assuming everything else remains fixed.. 75% interest?…as Newk notes lucky to be 20%…unless you thinking the XEL route to production!!…. Alternatively, if the greater field is proved, could be many years before production as it will involve a consortium of international companies. That’s why this is just time filling spiel by the company. IMO there is no plan to production. If there was the company would confirm it. Won’t stop them lifting the SP.. but not to the fantasy numbers

Bubble

veterans logic makes sense given the Sprott involvement. They bought circ 8 and manipulated the price to touch 25. Those were the days when this board was kept going by Gooner seemingly talking to himself. No successes but they got the price up.

I’m not selling up. Regardless of development the new sig investors will expect an exit price. My criticism is because too many times we have witnessed great expectations based on what the BoD have stated or dressed the situation to be on pro active etc. as if it all a case of just dotting the i’s..typical example is the rise in price post the web cast (not the drill results) then the drop and raise at 18, then desperation/mates rates at 14. All quite the opposite to “Char 1” pre Nimrod… yet even then they would announce a placing after the event.

Given that everything is supposed to be moving along in the back ground, long lead items ordered, can any one here give me the location of the site for processing plant? Im all for supporting the investment case but has a negative impact when expectations are not met. Where’s the credibility to support the SP… char 1 rise was built on prospective speculation. Char 2 supposedly based on their statements is supposed to be on back of production. They seem to have feet trapped in both camps.

Bubbles

Your comments are like a 1950’s Ealing studios movie. The future is always great. Fairy tale stuff.

Reality is the BoD have made definitive and misleading statements to generate investment pre the last drill, regarding finance group made up of internationally known institutional and African focused financiers. Where are they. Post drill they stated operation 2025 and raised finance at 18p. They then advertised that they have a earlier route to first gas and raised at 14p… what’s the next line going to be. Their story got blown in the press arrival late last year and they never denied it, they brushed it off by saying it’s opinion of the author…

They are full of BS. In the mean time inflation and dilution affect the true ROI. Todays refreshments were paid out of the last fund raise.

And be wary if they announce “refreshments to be served imminently”

To all those making the effort to attend the SP game changing AGM.. enjoy the sandwiches. I look forward to catching up at the launch of the gas production facility 2025.

Bubble. Great sentiment but given the CEO’s background and business interests, I might be forgiven for believing he has been well aware of the local market practices when making such definitive statements ti existing and potential investors. Where’s the credibility.

Bubble it’s not a case of whinging. Maybe another opinion or concern about the facts based on the companies statements. Anything else is wishful thinking. Regardless what happens “over there”.. the company has made statement in preset to gain investment. They should deliver on those statements or at least explain any changes.

If you were on BoD, would you consider the investor communication acceptable?

Is it likely that the sig share holders have info or are they flying blind like me?

I might be naive but the above does nothing to support further investment from me.

Ian

Respect what you say but char rehash itself. Even AP said as much. It might be a different band but it’s the same old song.. AP is our very own Mick Fleetwood.

Thanks both fir replies. Respect content. Although I already posted- char have previous investor partners. Janis. Sprott.. both disappeared, never to be talked about. Me 6% no doubt would have been assured of a profitable exit. I am not concerned that the SP will lift, it’s all the BS they spin to thise not in the know. MW and DW both stated 2024 in the famous webcast yet AP stated 2025. I take everything they say with a big pinch of salt. I previously believed Char was not best suited to be a producer of oil or gas. But changed due to promise of cash from producing rather than prospecting. It seems to me they are mis leading investment as they are not in as strong position re upside from farming or as a stand alone producer. MW repeats himself on proactive. Can’t help but think of Dell boy buying a North Sea oil rig from a bloke he met in the pub. Just needs to pick it up from his lock up.

It is a serious concern that the char are trying to steer attention to the onshore prospects as if this a a superior path. They raised investment to finance funding for the proven off shore. If they are attempting to shift now to the on shore, then they are mis leading investors. The investment case for the 18p raise was the off shore. They need to deliver or tell investors that they will not achieve first gas as promised 2025 for the off shore. Or clarity I did not participate in the last 2 offers because they keep changing their focus (story line). I would guess that is impacting others investing.

Good post and let’s hope so.. but atm it seems to be hope due to the lack of updates. Having been “invested” in Sirius Minerals with what appeared to be a most professional project / development team. Main mkt listing.. my biggest fear is that Ian’s 14p will not be as cheap as a consortium of major investor / partners take over at 10p. This share can easily go to 20p and most will cheer but without credible updates it’s SP manipulation.

Hello spectacular

Thanks for reply. I don’t expect anything to be static with char except the approx share price, due to tge non static proposals. New investors coming and going or as char have referred in the past “partners”..

Jimmy states typical for a major to conclude a contract. If that the case, how long to agree to the multiple contracts/obligations to build the project. Chariot stated multiple times that they had investment backers lined up.. it was all a matter of firming up the resource. They then outlined to investors the process involved and time line to production in their 2022 webcast. It’s been more than 15 months with no update of tge development. No back stepping on what they said or have presented in their investor presentation.

The happy clapper posts here are great to read but they can have an equal negative effect when things don’t play out as BoD state they will. Otger ventures don’t cut it.